Atria Investments Inc Buys 18,677 Shares of ConocoPhillips (NYSE:COP)

Atria Investments Inc boosted its position in ConocoPhillips (NYSE:COP - Free Report) by 19.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,857 shares of the energy producer's stock after purchasing an additional 18,677 shares during the period. Atria Investments Inc's holdings in ConocoPhillips were worth $12,167,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips during the 4th quarter worth $26,000. 10Elms LLP bought a new position in ConocoPhillips during the fourth quarter worth $28,000. Garde Capital Inc. acquired a new position in ConocoPhillips in the first quarter valued at $35,000. IMA Advisory Services Inc. bought a new stake in ConocoPhillips during the first quarter valued at $37,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in ConocoPhillips during the 4th quarter worth about $39,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

COP stock traded down $0.66 during mid-day trading on Friday, hitting $94.96. The company had a trading volume of 4,501,311 shares, compared to its average volume of 6,076,577. The stock's fifty day moving average price is $91.14 and its two-hundred day moving average price is $94.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $116.08. The firm has a market cap of $120.04 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.49 and a beta of 0.61.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. The firm had revenue of $16.18 billion for the quarter, compared to analysts' expectations of $15.74 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. On average, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Monday, May 19th. ConocoPhillips's payout ratio is currently 39.64%.

Analyst Ratings Changes

COP has been the topic of a number of recent analyst reports. Mizuho dropped their price objective on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada lowered their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research note on Friday, July 11th. Barclays cut their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. UBS Group upped their price objective on shares of ConocoPhillips from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Citigroup lowered their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and a consensus price target of $121.33.

Insiders Place Their Bets

In related news, EVP Kirk L. Johnson purchased 5,300 shares of ConocoPhillips stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the transaction, the executive vice president owned 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.24% of the company's stock.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.